New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-06
HOLIDAY GOSSIP IN WALL s4REET
DISCUSSING BOOM IN READING STOCK.
WAITING FOR THE IVES srArEMKsr-xR. METERS

WAITING FOR THE IVES BTATEMENT-MR. NETrKR'S
ABsENcE-A NEW FLOOR AT THE EXCHANGE.
The Stock Exchange open yesterday. but only to
enable workmen to relay floor out by the actions
ing, Of bulls ana bears The evident disregard Of the
holiday proved that cond be DONE II 1t paid
for or that workmen willing TO aid In the dscoul-
future OF capital whenever they had the chance. One
two brokerage Offices but they were empty OF
and the only business was calm contempa-
ton OF prices made In other American markets and IN
London. @f
There seemed to be boom In Reading stock In Phila
depha and London but otherwise tho financial markets
greatly disturbed. The floor Of the Stock
Exchange may be happy thought bscsuse 1t will dissi-
pate any possible fears Of subcsllar Some persons
have rather ypercrtca by supposng that
negotiations have indicated weakness rather than
strength The condition imposed by the syndicate
which has agreed TO loan the Baltimore ana Ohio
Railroad $4,000 that certain statements In
gard to the company should verified The Inquiry has
been begun but interested In II said
yesterday that impossible to when 1t would be
completed. ItWas recalled that or two attempted
Investigations had been entirely satisfactory, al
though It admitted that the Ives incident had actual
~ forwarded the present agreement.
The detailed statement Of tho assignee Of Ives Co.
has not yet filed, although has been completed
The legality of preferred stock OF the pcin
natl Hamilton and Dayton Railroad has not been essb
lshed owing perhaps, technicaltes but the position
or the present mtp&Remonb m1y 70 kucssco rum
the frst public sale Of the stock at Cincinnati
Saturday A block of 800 shares Of tho common
and $50 shares Of the preferred stock was sold
&C 34i1. William NJ. Ramsey. IN behalf OF the
company, warned the buyers that the company
would not recognize the preferred stock. sale
of 200 shares Of the common stock was reported
at tho Stock Exchange on Saturday ct 10. IL
would appear therefore, that the auction sale made
low figure for the common, even II the preferred
stock considered worthless The apparent claim OF
th> mt uaun
without sderatton may disturb still further
creditors supposed 10 he fairly secured.
& Co. in the purchase Of the cincinnati. Hamilton aud
aud In other transactions hal not returned TO
New-York yesterday ia accordance with his published
plans Mr.. Meter opened an Office here Few months
for his rehypohecang schemes Of ten years ago had
adjusted lie and his prether taore stt to~e
between days ami their creditors have since moued
their absence Whom Alb TT returned IN Tue po
placed his claim In the hands OF tne sheru and
Immediately Mr. .etier returned 10 hts wife's home
counsel said that hS would In tue city yestoruay
but yesterday forced to admit that IL the manlAbe-
in had back he had not appear
The Mt of the assignee Of Grovestesn Psll IL
ACCOUNTS il may that these banks dislike TO confess
that they loaned m ney on nrst mortgage ponds TOT
which there has been proved to BIO no market Al any
rate they seeing the junior partner George
asked for The lisbilitiesof The nrn which
were considered -xravagantly large $lo0 1000 viii
fall little Of Sl75OoOO lot OF small debts nave
put In AL appearance o,,
Railroad Il generally thought 70 involve complete set
item nj of all telegraph lue railroad difficult
ties and the reduction In cable rates ny me Co
nercl Cable Company considered an additional PROOF
al